EBRD BULGARIA PORK PRODUCTION LOAN
May 1st, 2006
BY KEITH NUTHALL
WITH Bulgaria's accession to the European Union (EU) due next year, the European Bank for Reconstruction and Development (EBRD) is planning to lend Euro 15 million to the country's largest meat processor. The money will help pigmeat producer Boni Holding upgrade equipment and processes, from suppliers' pig breeding to pork production, enabling them to better compete in the EU when it enjoys duty-free access from next year. A bank memorandum said the loan would "increase production efficiency and raising environmental and sanitary ...
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